Title: Energy security and energy innovations in the conditions of intelligent systems development and digitalisation

Authors: Olga Maslak; Natalya Grishko; Yaroslava Yakovenko; Mariya Maslak; Khatuna Buchashvili

Addresses: The Department of Economics, Kremenchuk Mykhailo Ostrohradskyi National University, 39600, Kremenchuk, Ukraine ' The Department of Economics, Kremenchuk Mykhailo Ostrohradskyi National University, 39600, Kremenchuk, Ukraine ' The Department of Economics, Kremenchuk Mykhailo Ostrohradskyi National University, 39600, Kremenchuk, Ukraine ' Business Economics and International Economic Relations Department, National Technical University Kharkiv Polytechnic Institute, 61002, Kharkiv, Ukraine ' Majorel Georgia, LLC, Floor 2, 34 Chavchavadze Ave, Tbilisi, 0179, Georgia, USA

Abstract: This study's main goal and task are to empirically confirm the role of innovation and digitalisation as driving forces in the ratio of factors contributing to energy efficiency and energy security. Using a panel of the current state of energy supply in the EU countries over the period 2010-2021, the empirical analysis presented in this paper indicates that innovation and digitalisation are key pillars of the energy strategy to grow in a rapidly changing world with growing risks of increasing the danger of energy dependence. Using logical and graphic methods (using the VOSViewer toolkit) allowed us to generalise mutual penetration of innovations and technologies in the energy sector. The PLS-SEM model was constructed focusing on aspects of the steadiness of the energy supply system using the data of EU countries' efficiency and productivity with a perspective of energy security.

Keywords: energy security; energy security indicators; energy security indexes; digitalisation; energy innovations; intelligent systems; sustainable development.

DOI: 10.1504/IJESD.2024.141835

International Journal of Environment and Sustainable Development, 2024 Vol.23 No.4, pp.414 - 433

Received: 22 Oct 2022
Accepted: 10 Aug 2023
Published online: 02 Oct 2024 *

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